My financial adviser requires my Gloucestershire lawyer’ panel member for the Nationwide conveyancing panel. Can you suggest how I obtain this. I have e-mailed my local Gloucestershire office but they have not responded to me.
The sensible thing to do is ask for this information from your Gloucestershire lawyer . They keep a central record lender panel numbers.
Me and my partner are due to complete on the purchase of a house in Gloucestershire but as a result of damage from a small fire at the property I have was able negotiate recompense from the current proprietors of £2k taking the form of a reduction in the price. This was going to be dealt with as part of the conveyancing process but Virgin Money will not agree to this. Why were they approached?
The conveyancing practitioner being on a Virgin Money conveyancing panel is duty bound to disclose to Virgin Money of any variations to the sale price. If you prohibit your solicitor to report the price change to Virgin Money then they would have to discontinue acting for you. In addition, Virgin Money and you would have to appoint a new lawyer for your conveyancing in Gloucestershire.
How does conveyancing in Gloucestershire differ for newly converted properties?
Most buyers of new build residence in Gloucestershire contact us having been asked by the builder to sign contracts and commit to the purchase even before the house is built. This is because house builders in Gloucestershire typically buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Gloucestershire or who has acted in the same development.
Due to the encouragement of my in-laws I had a survey completed on a property in Gloucestershire prior to instructing solicitors. I have been told that there is a flying freehold overhang to the property. Our surveyor has said that some banks tend refuse to give a loan on this type of property.
It varies from the lender to lender. Lloyds has different instructions from Nationwide. If you call us we can look into this further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Gloucestershire. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Gloucestershire to see if the conveyancing will be more expensive.
What type of property do your Gloucestershire conveyancing estimates relate to?
Our conveyancing quotes are only appropriate to standard domestic premises in England & Wales. If you have any different needs for instance industrial or agricultural land or commercial conveyancing in Gloucestershire do contact us to discuss your requirements .